Stock Market Crash News Today Live Updates: Nifty Falls Below 23,400, Sensex Slumps 900 Points; Tata Steel, Power Grid Falls Over 3%

• Nifty fell as much as 1.15% to 23,371.80 during the session
• Sensex dropped 1.2%, or 892 points, to 74,345
• Benchmarks extended losses as selling pressure intensified in early trade

• JSW Energy sold around 1% stake in JSW Steel through two block deals, according to sources and Bloomberg data
• JSW Energy earlier held about 2.9% equity in the company

• Jefferies lowered its target price on Kaynes after cutting earnings estimates and flagging elevated working capital levels
• The brokerage maintained a buy rating, citing the recent sharp fall in the stock and expected growth from new business segments
• It also noted the absence of company guidance for the near term and expects earnings growth to be driven by upcoming operational segments

The Indian rupee weakened to a record low of 96.20 against the US dollar, reflecting continued pressure in the currency market amid rallying crude prices.

• Nifty 50 declined 0.73% to 23,470.80 in pre-market trade, down 172.70 points
• Sensex slipped 0.09% to 75,170.10, falling 67.89 points
• Early trends indicate a cautious start for benchmark indices

• Nomura maintained a buy rating, citing strong operating performance, robust order inflows, and continued improvement in the balance sheet
• Goldman Sachs retained a neutral stance and cut its target price, pointing to slower execution despite a strong order book
• Brokerages highlighted order visibility while flagging execution pace and cost-related pressures in the latest quarter

• Goldman Sachs and JPMorgan retained positive ratings, citing margin-driven earnings and a constructive outlook for the next fiscal year
• Macquarie maintained an underperform rating, pointing to continued pressure from certain state markets
• Brokerages highlighted margin performance in Q4 while flagging focus on revenue growth and potential pressures ahead

• Jefferies and Citi cut their price targets following the Q4 results, while maintaining positive ratings on demand outlook
• Goldman Sachs retained a sell rating, citing concerns over cost pressures and profitability
• Brokerages flagged strong demand trends but highlighted risks from rising input costs and currency movement

• Morgan Stanley, Jefferies, and Bernstein retained positive ratings after the Q4 results, citing earnings strength and support from higher gold prices
• Jefferies and Morgan Stanley revised their price targets, while Bernstein maintained its outlook on sustained growth
• Brokerages highlighted loan growth trends, margin performance, and continued reliance on gold price movement for business momentum

• Jefferies and Citi lowered their price targets following the Q4 results, while maintaining underperform and sell views respectively
• Macquarie retained a Neutral stance, citing steady domestic performance
• Brokerages remain cautious on overall outlook, with concerns centred on the JLR business trajectory

• Indian equities are set to open around 100 points lower, tracking weakness in global markets
• Elevated oil prices and higher US inflation have weighed on sentiment, with bond yields rising
• The rupee remains under pressure after hitting record lows against the US dollar

• Macquarie and Morgan Stanley retained positive ratings, citing growth plans, deleveraging, and capacity expansion guidance
• Citi maintained a sell rating despite raising its target price, noting improved leverage but limited upside at current valuations
• Brokerages highlighted expansion targets and balance sheet improvement, while flagging pricing outlook as range-bound

• US President Donald Trump warned Iran of military action if it fails to make progress on a peace deal, saying “the clock is ticking,” according to a phone call with Axios.
• He said the US is seeking a deal but may strike harder if no acceptable proposal is received soon
• The remarks come amid a pause in hostilities under a ceasefire, with negotiations between the two sides at a standstill

• Adani Ports arm secured a subsea project in Europe, while Vodafone Idea board will meet for a fundraise; Texmaco Rail won an order from Tsiko Africa Logistic
• RVNL emerged as L1 bidder for a contract, Intellect Design signed a pact with Canadian financial institutions, and PNC Infratech is set to receive a settlement from NHAI
• Jewellery stocks remain in focus after a rise in import duty on gold and silver, while select companies face lock-in expiry periods

• TCS said artificial intelligence is becoming central to how enterprises invest, manage supply chains, and handle risk
• The company is focusing on building AI platforms, setting up a data centre, and expanding partnerships across technology ecosystems
• TCS added that over 270,000 employees now have advanced AI skills, with plans to develop secure and sovereign AI infrastructure

• Delhivery reported double-digit growth in revenue and EBITDA for Q4, supported by strong growth in express parcel volumes and PTL business
• Margins improved on operating leverage, while integration costs and higher depreciation kept net profit largely unchanged
• Brokerages said results reflected gains from network integration and sustained growth in core segments, with margin expansion guidance maintained

• Vodafone Idea reported a net profit due to an exceptional gain linked to AGR adjustments, which reduced dues and extended payment timelines; the gain is a non-cash accounting entry
• Revenue remained flat while EBITDA rose marginally, with a slight improvement in margins and ARPU
• The company announced a preferential share allotment to the Aditya Birla Group, which will increase its stake, while underlying losses persisted excluding the one-time gain

• Brokerages highlight improved realisations and strong India performance in Q4, with higher deliveries and margin expansion helping results
• Goldman Sachs flagged a marginal miss and cited uncertainty around the Netherlands operations, while Citi pointed to potential cost pressures linked to regulatory issues
• Morgan Stanley said performance across domestic and overseas businesses remained strong, with cost focus and expansion plans outlined by management

• Apollo Pipes saw Classic Enterprises buy 2.3 lakh shares at Rs 520 per share
• Nazara Technologies saw Mitter Infotech sell 1.92 crore shares, while Axana Estates and Zerodha Broking bought stakes at around Rs 266 per share
• ICICI Prudential Mutual Fund bought 2 lakh shares of Pidilite Industries, while Balvant K Parekh Foundation sold an equal number at the same price

• Afcons Infrastructure and Jana Small Finance Bank will consider fund raising proposals at their board meetings
• Baazar Style Retail will discuss a stock split at its board meeting today

• Vodafone Idea plans a $500 million equity infusion and warrants issue; InterGlobe Aviation gains as Delhi cuts ATF VAT; Coal India gets approval to list Mahanadi Coalfields
• RBL Bank gets regulatory nod for Emirates NBD stake purchase; ITC Hotels, Wipro, Adani Ports complete acquisitions; JSW Energy adds renewable capacity
• Gujarat Gas, IGL revise gas prices; PFC to seek approval for REC merger; several firms report orders, management changes, and fundraising plans

• Brent crude futures for July increased 1.73% to $110.93 a barrel, while WTI crude for June rose 1.52% to $107.24
• Prices moved higher as stalled peace talks between the US and Iran raised concerns over supply disruptions
• US President Donald Trump warned Iran over the weekend, signalling risks of renewed conflict and uncertainty over the Strait of Hormuz

• Asia-Pacific markets declined after US remarks on Iran raised concerns over escalation and oil supply risks
• Australia’s ASX 200 fell 0.76%; Japan’s Nikkei slipped 0.2% while Topix edged up 0.1%
• South Korea’s Kospi and Kosdaq dropped over 2%, while Hang Seng futures traded below the last close

GIFT Nifty traded at 23,514.50, compared with Nifty 50’s previous close of 23,643.50, indicating a negative start for Indian equities.